Parent Company for Truth Social Makes Stock Market Debut
Monday, 25 March 2024, 21:09
Trump Media & Technology Group Debut on Stock Market
The newly formed parent company for Truth Social will debut on the stock market Tuesday, bringing a years-long merger to a close.
SPAC Merger and NASDAQ Listing
Following negotiations and legal challenges, the SPAC Digital World Acquisition Corp. merged with Trump Media & Technology Group Corp., allowing for an initial public offering on NASDAQ.
Key Figures and Vision
- Trump owns about 58% of the company, valued at $3 billion
- Devin Nunes to continue leading the company, focusing on reclaiming the Internet from Big Tech censorship
The windfall from the IPO is crucial for Trump's financial challenges, including a reduced bond payment in his civil fraud case.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.